Paragraph NAME 61 BEEF MARKET: consumers become increasingly aware of the harmful health effects of eating red meats HOMEWORK #32 MARKET ANALYSIS INSTRUCTIONS. Follow the prescribed procedure for analyzing the impact on the equilibrium market price and quantity exchanged: a) start off in equilibrium, b) figure out which factor has changed and how it affects either the demand or supply curve, then explicitly state this, c) shift the appropriate curve, and d) summarize the expected change in the price and quantity. TAKE NOTE THAT ON THE EXAMS YOU WILL RECEIVE FULL CREDIT FOR AN ANSWER ONLY IF YOU STATE WHY YOU SHIFTED THE SUPPLY OR DEMAND CURVE. 1. COFFEE MARKET: an early frost destroys one third of the coffee harvest in South American 7. STEEL INDUSTRY: researchers find new techniques for manufacturing steel which use-25% fewer materials 2. COFFEE CREAMER MARKET: an early frost destroys one third of the coffee harvest in South American (Hint: use the results from 1 above) 8. JUG WINE MARKET: the economy goes into a long expansion 3. HIGHER EDUCATION MARKET: the Baby Boomer's children are just now aging into the 18 to 20 year old age bracket 9. GASOLINE MARKET. the state sales tax on gasoline is eliminated LUXURY AUTOMOBILE MARKET: the economy goes into a long recession 10 GRAIN MARKET: the Midwest enjoys a perfect growing season, resulting in a "bumper crop" 5. PERSONAL COMPUTER MARKET: Intel raises the price by 20% for its popular CPU chip Focus